Intertape Polymer Group

ITP-T

TSE:ITP

23.00
0.15 (0.66%)
Intertape Polymer Group Inc. is a packaging products and systems company which supplies retailers and manufacturers, based in Montreal and Sarasota, Florida, with 17 locations, 12 manufacturing locations ...
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Analysis and Opinions about ITP-T

Signal
Opinion
Expert
BUY WEAKNESS
BUY WEAKNESS
July 3, 2018

This stock benefited from a run out of commodities a few years ago. There was an uptake in the success of Amazon and Google with the rise in consumer shipping. It has become too expensive now and he thinks it is not going anywhere – up or down. He would not be a buyer at these levels. He would want to see the yield back above 3.5% before re-entering.

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This stock benefited from a run out of commodities a few years ago. There was an uptake in the success of Amazon and Google with the rise in consumer shipping. It has become too expensive now and he thinks it is not going anywhere – up or down. He would not be a buyer at these levels. He would want to see the yield back above 3.5% before re-entering.

COMMENT
COMMENT
June 25, 2018

It's been in a range spanning $3 that it needs to hold longer. He wants to see it break higher. It's trying to consolidate, which is good.

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It's been in a range spanning $3 that it needs to hold longer. He wants to see it break higher. It's trying to consolidate, which is good.

WATCH
WATCH
May 7, 2018

He's watching this. Packagaing companeis are doing well. It's come off recently, but ITP needs to see it sink further before he buys it. 13x forward earnings.

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He's watching this. Packagaing companeis are doing well. It's come off recently, but ITP needs to see it sink further before he buys it. 13x forward earnings.

PAST TOP PICK
PAST TOP PICK
April 23, 2018

(A Past Top Pick on April 17, 2017, Down 14%) Had a rough year, though Q# and Q4 earnings were good. They gave guidance for 10% revenue growth and 15% earnings growth in 2018. They have a 5-7-year plan to double earnings and are doing acqusitions to achieve this. Lots of free cash flow with a decent yield. They make tapes that bind packages for the thriving e-commerce space.

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(A Past Top Pick on April 17, 2017, Down 14%) Had a rough year, though Q# and Q4 earnings were good. They gave guidance for 10% revenue growth and 15% earnings growth in 2018. They have a 5-7-year plan to double earnings and are doing acqusitions to achieve this. Lots of free cash flow with a decent yield. They make tapes that bind packages for the thriving e-commerce space.

PAST TOP PICK
PAST TOP PICK
March 26, 2018

(A Top Pick March 20/17, Down 3%) Some plants were flooded. They were also hit by industry-wide input costs. They continue to make accretive acquisitions. He sees upside and still has faith in it. Safe dividend of 3.5% and will even grow.

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(A Top Pick March 20/17, Down 3%) Some plants were flooded. They were also hit by industry-wide input costs. They continue to make accretive acquisitions. He sees upside and still has faith in it. Safe dividend of 3.5% and will even grow.

PAST TOP PICK
PAST TOP PICK
February 6, 2018

(A Top Pick April 17/17 - Down 12.5%.) He thought it was a no-brainer idea. The company benefits from e-commerce. They make the water activated tape and things that boxes use. Biggest customer is Amazon. They made a number of acquisitions recently and some are not working as they should. Maybe the market is punishing them for that. He thinks longer term is going to do OK. Valuation is reasonable.

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(A Top Pick April 17/17 - Down 12.5%.) He thought it was a no-brainer idea. The company benefits from e-commerce. They make the water activated tape and things that boxes use. Biggest customer is Amazon. They made a number of acquisitions recently and some are not working as they should. Maybe the market is punishing them for that. He thinks longer term is going to do OK. Valuation is reasonable.

COMMENT
COMMENT
January 15, 2018

A great little company that basically operates in an oligopoly with 3M's Scotch tape. With the move of Amazon and all the shipping, the amount of tape being sold is increasing. Instead of shipping in containers, stores are now shipping in small packages. A fine little growth company and has good management.

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A great little company that basically operates in an oligopoly with 3M's Scotch tape. With the move of Amazon and all the shipping, the amount of tape being sold is increasing. Instead of shipping in containers, stores are now shipping in small packages. A fine little growth company and has good management.

BUY
BUY
December 11, 2017

He has been looking at it carefully and almost pulling the trigger. Management has been making some good moves. They are launching new facilities and profits have to kick in. It is probably not a bad price right now. The last results were pretty good. They are a well managed company and the dividend is safe.

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He has been looking at it carefully and almost pulling the trigger. Management has been making some good moves. They are launching new facilities and profits have to kick in. It is probably not a bad price right now. The last results were pretty good. They are a well managed company and the dividend is safe.

COMMENT
COMMENT
November 29, 2017

He really likes management. The dividend is safe. This business grows at about GDP. If they are able to create low cost capacity, they may be able to increase their market share slightly, but the free cash flow yield on this is relatively high. To him, the right price is below $20.

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He really likes management. The dividend is safe. This business grows at about GDP. If they are able to create low cost capacity, they may be able to increase their market share slightly, but the free cash flow yield on this is relatively high. To him, the right price is below $20.

WATCH
WATCH
November 16, 2017

It is a well run company. They had a hiccup with one of their plants. At some point the dividend will go up. He likes the management team.

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It is a well run company. They had a hiccup with one of their plants. At some point the dividend will go up. He likes the management team.

COMMENT
COMMENT
November 3, 2017

A very established company. It’s been around forever. Bought it years ago at about $3-$4, and ran it up to about $20. He likes management. Has zero interest in it now. Almost everything he buys is under $10.

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A very established company. It’s been around forever. Bought it years ago at about $3-$4, and ran it up to about $20. He likes management. Has zero interest in it now. Almost everything he buys is under $10.

BUY
BUY
October 25, 2017

In packaging goods, and they have competition. It came down in the 2nd quarter over the summer, when there really wasn’t much volume, so earnings were not great. He’s been buying shares over the last couple of months. It’s a growing company that is going through some growing pains, to get to the next level.

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In packaging goods, and they have competition. It came down in the 2nd quarter over the summer, when there really wasn’t much volume, so earnings were not great. He’s been buying shares over the last couple of months. It’s a growing company that is going through some growing pains, to get to the next level.

PAST TOP PICK
PAST TOP PICK
October 25, 2017

(A Top Pick Oct 26/16. Down 9.85%.) Hadn’t had great earnings and it was a light volume market, so the sellers piled on. It seems to have solidified at $18 and grinding its way higher. This is something you can buy and hold and there should be some pretty decent growth.

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(A Top Pick Oct 26/16. Down 9.85%.) Hadn’t had great earnings and it was a light volume market, so the sellers piled on. It seems to have solidified at $18 and grinding its way higher. This is something you can buy and hold and there should be some pretty decent growth.

DON'T BUY
DON'T BUY
October 17, 2017

He wouldn’t be a buyer. The closing price was $18.89, and he has a model price of $22.78, only a 20% upside. It is trading at EBV 5, a very expensive valuation. There was a negative transit back in August, and it is really struggling under that. He senses that there is a little bad news happening in the future.

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He wouldn’t be a buyer. The closing price was $18.89, and he has a model price of $22.78, only a 20% upside. It is trading at EBV 5, a very expensive valuation. There was a negative transit back in August, and it is really struggling under that. He senses that there is a little bad news happening in the future.

BUY
BUY
October 16, 2017

Trading at $25 a few months ago and dropped down to the $19 range. He is hoping it can go back up to $25 and much higher. They warned last quarter that this was going to be a tougher year. Juggling a lot of projects and a lot of them are not delivering cash flows. They buy a lot of plastic and chemicals, and with the hurricanes in Texas and Florida, it has pushed up some input prices. They won’t be able to pass that off to customers in the short term. Expects an ugly Q3, but hopefully there will be some good communication and messaging that things are improving. For long-term investors, this is a good opportunity.

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Trading at $25 a few months ago and dropped down to the $19 range. He is hoping it can go back up to $25 and much higher. They warned last quarter that this was going to be a tougher year. Juggling a lot of projects and a lot of them are not delivering cash flows. They buy a lot of plastic and chemicals, and with the hurricanes in Texas and Florida, it has pushed up some input prices. They won’t be able to pass that off to customers in the short term. Expects an ugly Q3, but hopefully there will be some good communication and messaging that things are improving. For long-term investors, this is a good opportunity.

Showing 31 to 45 of 138 entries